Our market development work is important to achieving our statutory objective to promote competition in, reliable supply by and the efficient operation of the electricity industry for the long-term benefit of consumers.

If an anomalous event or outcome occurs in the market or the broader electricity sector, we investigate it to determine the causes and whether something can or should be done to prevent such an event or outcome from occurring again.

New Retail Market Snapshot tool released today highlights key retail electricity market information and shows 80 per cent of New Zealand households now have a smart meter, up from just 62.6 per cent in 2014.

The uptake in smart meters is just one of the key changes in the New Zealand electricity market highlighted in the new snapshot tool.

Interested members of the public can use the tool to easily find retail electricity market information and see how the market is evolving over time.

Electricity Authority Chief Executive Carl Hansen says: “If consumers are aware of the key changes in the New Zealand electricity market, they may be more likely to investigate their electricity options and make the best decision based on their needs.”

“With the snapshot we can see an increase in the uptake of new technologies such as smart meters, which has helped to unlock new products and services for consumers.”

The Electricity Authority is an independent Crown Entity with a statutory objective to promote competition in, reliable supply by, and the efficient operation of, the electricity industry for the long-term benefit of consumers.